Solitron Devices (Solitron Devices) Gross Margin %

: 26.04% (As of Nov. 2023)

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Gross Margin % is calculated as gross profit divided by its revenue. Solitron Devices's Gross Profit for the three months ended in Nov. 2023 was $1.08 Mil. Solitron Devices's Revenue for the three months ended in Nov. 2023 was $4.14 Mil. Therefore, Solitron Devices's Gross Margin % for the quarter that ended in Nov. 2023 was 26.04%.

The historical rank and industry rank for Solitron Devices's Gross Margin % or its related term are showing as below:

SODI' s Gross Margin % Range Over the Past 10 Years
Min: 14.83 Med: 22.02 Max: 39.07
Current: 27.17

During the past 13 years, the highest Gross Margin % of Solitron Devices was 39.07%. The lowest was 14.83%. And the median was 22.02%.

SODI's Gross Margin % is ranked worse than
51.75% of 972 companies
in the Semiconductors industry
Industry Median: 28.165 vs SODI: 27.17

Solitron Devices had a gross margin of 26.04% for the quarter that ended in Nov. 2023 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Solitron Devices was 11.30% per year.

Solitron Devices Gross Margin % Historical Data

The historical data trend for Solitron Devices's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Solitron Devices Annual Data

Trend

Feb12

Feb13

Feb14

Feb15

Feb16

Feb19

Feb20

Feb21

Feb22

Feb23

Gross Margin %

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14.83

15.97

31.11

39.07

21.87

Solitron Devices Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Gross Margin %	Get a 7-Day Free Trial															-54.97	13.61	29.78	34.78	26.04

Competitive Comparison

For the Semiconductor Equipment & Materials subindustry, Solitron Devices's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Solitron Devices Gross Margin % Distribution

For the Semiconductors industry and Technology sector, Solitron Devices's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Solitron Devices's Gross Margin % falls into.

Solitron Devices Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Solitron Devices's Gross Margin for the fiscal year that ended in Feb. 2023 is calculated as

Gross Margin % (A: Feb. 2023 )	=	Gross Profit (A: Feb. 2023 )	/	Revenue (A: Feb. 2023 )
	=	1.4	/	6.406
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(6.406 - 5.005)	/	6.406
	=	21.87 %

Solitron Devices's Gross Margin for the quarter that ended in Nov. 2023 is calculated as

Gross Margin % (Q: Nov. 2023 )	=	Gross Profit (Q: Nov. 2023 )	/	Revenue (Q: Nov. 2023 )
	=	1.1	/	4.136
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(4.136 - 3.059)	/	4.136
	=	26.04 %

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Solitron Devices (OTCPK:SODI) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Solitron Devices had a gross margin of 26.04% for the quarter that ended in Nov. 2023 => Competition eroding margins

Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.

Solitron Devices Gross Margin % Related Terms

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Solitron Devices (Solitron Devices) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Solitron Devices Inc (OTCPK:SODI) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

901 Sansburys Way, West Palm Beach, FL, USA, 33411

Website

https://www.solitrondevices.com

Solitron Devices Inc designs, develop, manufactures, and markets solid-state semiconductor components and related devices mainly for the military and aerospace markets. It manufactures a large variety of bipolar and metal oxide semiconductor (MOS) power transistors, power and control hybrids, junction and power MOS field-effect transistors (Power MOSFETS), field effect transistors, and other related products. It derives the majority of its revenues from its business operations in the United States, while it also holds a presence in Canada, Latin America, the Far East, and the Middle East.

Executives

Howard Timothy Eriksen	director	567 WILDROSE CIRCLE, LYNDEN WA 98264
Mark Matson	officer: President and COO	600 S. ROCKFORD DRIVE, TEMPE AZ 85281
Olesen Value Fund Gp Llc	10 percent owner	C/O OLESEN CAPITAL MANAGEMENT LLC, 185 HUDSON STREET, SUITE 2539, JERSEY CITY NJ 07311
David William Pointer	director	PO BOX 402, NEWMAN LAKE WA 99025
Christian Olesen	10 percent owner	C/O OLESEN CAPITAL MANAGEMENT LLC, 185 HUDSON STREET, SUITE 2539, JERSEY CITY NJ 07311
Olesen Capital Management Llc	10 percent owner	185 HUDSON STREET, SUITE 2539, JERSEY CITY NJ 07311
Olesen Value Fund L.p.	10 percent owner	C/O OLESEN CAPITAL MANAGEMENT LLC, 185 HUDSON STREET, SUITE 2539, JERSEY CITY NJ 07311
John Stayduhar	other: Shareholder	C/O JOHN FARINA, 1601 FORUM PL. #900, WEST PALM BEACH FL 33401
Charles M Gillman	director	1223 WILSHIRE BOULEVARD, OFFICE 648, SANTA MONICA CA 90402
Cedar Creek Partners Llc	other: Shareholder	8695 GLENDALE RD., CUSTER WA 98240
Eriksen Capital Management Llc	other: Shareholder	8695 GLENDALE RD., CUSTER WA 98240
John F Chiste	director
Dwight P Aubrey	director	C/O SOLITRON DEVICES, INC., 3301 ELECTRONICS WAY, WEST PALM BEACH FL 33407
Joseph F Gerrity	director
Sidney H Kopperl	director	C/O SOLITRON DEVICES, INC., 3301 ELECTRONICS WAY, WEST PALM BEACH FL 33407